July 3, 2020
“The run on boats is happening across the country. Chuck Cashman, the chief revenue officer of the boat dealership MarineMax, which has 64 locations in 23 states, says sales are up in every single category. Nearly three quarters of queries… Continue Reading…
July 2, 2020
“OPEC and allied nations agreed Saturday to extend a production cut of nearly 10 million barrels of oil a day through the end of July, hoping to boost energy prices… The decision came in a unanimous vote, Energy Minister Suhail… Continue Reading…
July 2, 2020
“Energy company BP said Monday that its global workforce will be trimmed by 10,000 jobs… Chief Executive Bernard Looney said that the roles will be office-based and come mostly this year. The company’s current global workforce is 70,000. The changes… Continue Reading…
June 24, 2020
“Since January, 355 Retailers Have Filed for Bankruptcy Protection. The coronavirus pandemic has hit the already-struggling sector particularly hard. Some big names have gone bust recently, including Neiman Marcus, J.Crew, and J.C. Penney. Meanwhile, Amazon and other retailers with a large online presence are… Continue Reading…
June 22, 2020
“Americans are skipping payments on mortgages, auto loans and other bills. Normally, that could mean massive foreclosures, evictions, cars repossessions and people’s credit getting destroyed. But much of that has been put on pause. Help from Congress and leniency from… Continue Reading…
June 18, 2020
“Weekly jobless claims stayed above 1 million for the 13th consecutive week as the coronavirus pandemic continued to hammer at the U.S. economy. First-time claims totaled 1.5 million last week, higher than the 1.3 million that economists surveyed by Dow… Continue Reading…
June 18, 2020
“AT&T Inc plans to cut more than 3,400 technician and clerical jobs across the country over the next few weeks, the wireless carrier told its main labor union, the Communications Workers of America, on Tuesday. The U.S. telecom and media… Continue Reading…
June 17, 2020
“The economy unexpectedly gained 2.5 million jobs in May after record losses the prior month as states began allowing businesses shuttered by the coronavirus to reopen and many Americans returned to work. The unemployment rate fell to 13.3% from April’s 14.7%, which was the… Continue Reading…
June 17, 2020
“The number of Americans applying for unemployment benefits in the two months since the coronavirus took hold in the U.S. has swelled to nearly 39 million, the government reported Thursday, even as states from coast to coast gradually reopen their… Continue Reading…
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